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    0 Replies Latest reply on May 12, 2010 3:17 PM by jimwood60

    Rental home Structure

    jimwood60 Newbie
      I currently have a rental property but want to expand to more homes and reduce the personal credit liability.
      Is it possible to set up a seperate LLC for each home I invest in. How is the tax treatment with this approach.

      Does it free my credit for purchaseing more homes if each runs on thier own balance sheet with profitability. In other words if I have the original morgage transferred into the name of the business can I then secure a new loan with the downpayment on the second home..either against personnal credit and later tranfer it to its own llc after establishing rental history.then do it again...and again...and again..

      Any advise or help is welcome. thanks